VATupdate

VATupdate Newsletter Week 19 2021

It’s a happy week this week, with Ascension Day and Eid al-Fitr (sugar feast – end of Ramadan) both on the same day, and a little bit of sunny weather in the Netherlands. Well, only one day, but still: Spring is finally coming!

On VATupdate we posted a lot of our own articles this week, trying to get into the new EU VAT e-commerce rules that will apply as of 1 July 2021. The series is called ‘Demystifying the VAT E-Commerce rules’, and it’s worth a read, even if you’re not into online sales, platforms and web shops. We experienced ourselves that every time you think you understand the rules, there’s a different twist or scenario that is not clear. For example: why don’t VAT intermediaries have the same ‘protection’ with regard to their liability as the e-platforms? And why is there not a real EU registration platform and do businesses have to wait (and pray) that their own local tax authorities are ready? What happens if they are not ready on 1 July 2021?

A lot of questions and comments, and even the EU Commission admits that not all is clear and covered. In fact, the EU Commission already said that they will do an evaluation of the rules, and any comments or remarks or questions are welcome.

Not a lot of case-law from the European Court of Justice in the past weeks. Only one decision this week, where the ECJ decides that interest must be paid on late payment of a VAT refund. To us this was not a very surprising decision.

Lastly, we draw your attention to the summary we made with all fraud and evasion related posts we published since the beginning of this year. This clearly shows that VAT/GST fraud and evasion is a topic with which countries all over the globe struggle.  It is also striking to see how much cases before the European Court of Justice (ECJ) deal with this matter.

Have a great day and see you next week!


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